INTRODUCTION TO BUSINESS SYSTEM PPT NEW.pptx

BUSINESS MANAGEMENT

1. Prepared by BINDU . M.K. ASSISTANT PROFESSOR NIET INTRODUCTION TO BUSINESS SYSTEM

2. Business systems are a set of repetitive processes that aim to achieve a specific objective. Benefits of business systems include greater efficiency, productivity, clarity, consistency

3. Objectives of Business System : 1. To meet the user and customer needs. 2. To cut down the operating costs and increase savings. 3. To smooth the flow data through various levels of the organization. 4. To handle data efficiently and provide timely information to the management. 5. To speed up the execution of results with the reliable data available in a system.

4. OVER VIEW OF BUSINESS SYSTEM

5. BUSINESS ENVIRONMENTAL FACTORS

6. The combination of internal and external factors that influence a company’s operating situation.

7. External Factors. Every business has a number of external factors that either directly or indirectly affect it. These factors can range from individuals, government regulations, environmental concerns, to other organizations and businesses .

8. Internal Environment Factors: The forces present within a business organization define its characteristics. These include the work culture, the level of machinery used, the management process, etc .

9. Inputs are any resources used to create goods and services. Examples of inputs include labor (workers’ time), fuel, materials, buildings, and equipment. Labor input is the time people spend working to produce goods and services .

10. TRANSFORMATIONAL PROCESS AND OUTPUT

11. The transformation process in operations management is all about converting inputs into outputs.

12. objectives of business system

13. 1. To meet the user and customer needs. 2. To cut down the operating costs and increase savings. 3. To smooth the flow data through various levels of the organization. 4. To speed up the execution of results with the reliable data available in a system. 5. To provide timely information to the management

14. SYSTEM MODEL OF BUSINESS MANAGEMENT

15. the System includes guidelines and processes for developing business management plans.

16. Business Management System is a multilevel hierarchy of business solutions that represent how a profit-oriented organization will carry out different functions (like Sales, Purchasing, Marketing, Staffing) to accomplish a task and achieve a goal successfully

17. MANAGEMENT

18. Management is the process of getting things done through other people

19. Business management

20. Business management is how a business manages itself and its operations to achieve its goals. For example, business management includes the management of inventory, production of goods, planning business activities, managing human resources, and so on.

21. FUNCTION OF MANAGEMENT

22. Henry Fayol, the father of principles of management, has classified managerial functions as follows: ( a) Planning, (b) Organizing, (c) staffing, (d) Directing, and (e) Controlling.

23. What is the system model ? In the system model, the organization looks at the overall structure and team environment, and considers that individuals have different goals, talents and potential .

24. The “system ” The word “system” comes from this view that the manager is responsible to hold together the team – just like one system – connected with each other through the feelings of mutual respect and from being an integrated overall process.